Aqualis ASA: Contemplated buyback of up to 4,000,000 shares through open market tender offer

Tekst

Oslo, Norway, February 29, 2016 - Aqualis ASA (Aqualis or the Company) hereby
launches an open market tender offer (the "Offer") to all shareholders in the
Company to buy back up to 4 000 000 (9.2%) of its common shares.
The Offer is presented in accordance with the authorization to acquire up to
10% of the Company's common shares as per the resolution from the Company's
Annual General Meeting on May 22, 2015.
The shares bought by the Company may be used in connection with the employee
share incentive program, held for future transactions/acquisitions, or the
Company may decide to cancel all or part of the shares to be purchased.
The Offer will be carried out through a bookbuilding process managed by Swedbank
(the Bookrunner) with an offer price of up to NOK 2.50 per share. The maximum
price per share is the closing price of Aqualis on February 29, 2016 with a
premium of NOK 0.05, corresponding to approximately 2.0 per cent.
The bookbuilding process commences immediately, and will close at 07:00 (CET) on
March 2, 2016, subject to shortening or extension by the Bookrunner and Aqualis
at their sole discretion.
In the event that the total number of received acceptances exceeds 4 000 000
shares, Aqualis will determine criteria for the allocation of the acceptances in
accordance with the best interest of the company and the equal treatment of the
shareholders.
Aqualis may at its sole discretion acquire a lower number of common shares,
terminate the Offer, or make any amendments to the terms of the Offer.
Allocation and pricing will follow before 09:00 (CET) on March 2, 2016. The
trade date will be March 2, 2016 and settlement will take place on 4 March,
2016. If the bookbuilding period is extended, the dates will be postponed
correspondingly.
Shareholders who wish to sell all or parts of their common shares should call
Swedbank on +47 23 23 82 04.
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About Aqualis ASA
Aqualis ASA (OSE: Aqua) is a public company that, through its subsidiaries,
offers energy consultancy services to the global oil and gas, wind and solar
sectors. The group employs experienced consultants in 22 offices in 15 countries
worldwide. Aqualis ASA operates under three different brands: Aqualis Offshore,
Offshore Wind Consultants and ADLER Solar. Aqualis Offshore is a specialized
offshore marine and engineering consultancy firm, focusing on the shallow and
deep-water offshore segments of the oil and gas industry. Offshore Wind
Consultants is a globally focused consultancy providing independent services to
the offshore renewables industry. ADLER Solar is a technical and engineering
service provider for the global solar industry. Aqualis owns 49.9 percent of
ADLER Solar.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
[HUG#1990292]